Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report)'s share price fell 1% during trading on Friday . The company traded as low as $11.10 and last traded at $11.17. 2,563 shares were traded during trading, a decline of 62% from the average session volume of 6,727 shares. The stock had previously closed at $11.28.
Rhinebeck Bancorp Trading Down 1.3%
The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day simple moving average of $10.37 and a two-hundred day simple moving average of $9.97. The stock has a market cap of $122.05 million, a price-to-earnings ratio of -13.58 and a beta of 0.40.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter. Rhinebeck Bancorp had a positive return on equity of 3.44% and a negative net margin of 15.89%. The business had revenue of $12.79 million for the quarter.
Institutional Investors Weigh In On Rhinebeck Bancorp
A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Rhinebeck Bancorp by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company's stock valued at $345,000 after purchasing an additional 3,637 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Rhinebeck Bancorp by 70.8% during the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock worth $1,898,000 after buying an additional 81,345 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Rhinebeck Bancorp by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company's stock valued at $219,000 after acquiring an additional 4,519 shares during the period. Finally, State of Wyoming acquired a new position in shares of Rhinebeck Bancorp in the fourth quarter valued at about $25,000. Institutional investors own 23.88% of the company's stock.
Rhinebeck Bancorp Company Profile
(
Get Free Report)
Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.
Read More
Before you consider Rhinebeck Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rhinebeck Bancorp wasn't on the list.
While Rhinebeck Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
